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Disruptive 2D mass spectrometry spin-out secures seed investment


Verdel Instruments Ltd - a spin-out company of the University of Warwick UK – has developed new disruptive two-dimensional mass spectrometry (2DMS) technology and raised seed investment of over £230,000 from Longwall Ventures and Innovate UK. Designed by world-leading researchers, this is the ...


Simreka closes a seven figure financing


Simreka, simulation software that accelerates materials driven product and manufacturing process innovation using AI, announced that it has raised a seven figure seed financing round led by High-Tech Gruenderfonds (HTGF) with participation from the SAP.iO Fund. Simreka has built a powerful ...


BASF invests in Longwater Advanced Materials Fund

Chinese fund focuses on advanced materials and chemistry-related technologies


BASF Venture Capital is investing in the Longwater Advanced Materials Fund. This private equity fund is managed by Longwater Investment, a pioneer growth capital investor in advanced materials and chemistry-related technologies in China. BASF Venture Capital is one of several Limited Partners; ...


LANXESS: Stable business development in the first quarter of 2019 despite economic downturn


Specialty chemicals company LANXESS has made a solid start to the new fiscal year despite the weakening economy. In the first quarter of 2019, EBITDA pre exceptionals rose by 1.9 percent to EUR 275 million compared with EUR 270 million in the strong previous-year quarter. The main reasons for ...


Merck Confirms Forecast for Organic Performance in 2019

Business in Asia drives Group organic growth


Merck significantly increased net sales in the first quarter of 2019, primarily on an organic basis. By contrast, EBITDA pre saw a slight organic decline and was adversely impacted by the absence of positive one-time effects from the previous year. Merck confirmed its full-year forecast for ...


Brenntag reports a solid first quarter 2019


Brenntag posted solid results in the first quarter of 2019. Its key performance indicators operating gross profit and operating EBITDA showed an increase at Group level. The growth in operating EBITDA is mainly attributable to the initial application of the new financial reporting standard IFRS ...


Evonik made a solid start to 2019


Evonik made a solid start to the new year. Sales in the first quarter rose 1 percent to €3.29 billion compared to the prior-year quarter. Adjusted EBITDA declined 3 percent to €539 million. “In a weakening global economy we were able to hold our ground in terms of sales and earnings,” said ...


ZEISS Innovations Help Achieve Strong Growth


The ZEISS Group had a successful end to the first six months of fiscal year 2018/19 (ended 31 March 2019) and saw its revenue rise by 9 percent to EUR 3.019 billion (1st six months of 2017/18: EUR 2.773 billion). 90 percent of this sum was generated by markets outside Germany. At EUR 443 million, ...


BASF Group earnings below prior-year quarter

Earnings decline primarily due to lower contributions from Materials and Chemicals segments


“In the first quarter of 2019, BASF Group sales rose by 3% year on year to €16.2billion,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, at the company’s Annual Shareholders’ Meeting held at Congress Center Rosengarten in Mannheim, Germany. Compared with ...


Clariant continued to grow sales despite a slow start in Plastic & Coatings


Clariant announced first quarter 2019 sales of CHF1.715billion compared to CHF1.722billion in the first quarter of 2018. This corresponds to a good 2% organic growth in local currency, driven by higher pricing in all Business Areas versus a high comparison base. On a regional basis, the ...


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